Thursday, 28 July 2016
Last updated 8 hours ago
Feb 10 2011 | 5:00am ET
Fortress Investment Group is set to christen its new Singapore office with a new hedge fund bringing its signature strategy to Asia.
The New York-based firm will launch its Fortress Asia Macro Fund next month, HFMWeek reports. The new fund will be managed by Adam Levinson, Fortress' global macro co-chief investment officer. Levinson recently moved to Singapore to set up the new office.
The Asia macro fund has been in the works for some time; Fortress said it would create such a fund when it announced Levinson's move in October.
The new fund will seek to profit from fundamental trends linked thematically to Asia, according to HFMWeek.
"The Asia region has long been a major focus of our liquid markets business, and we believe the region will continue to present attractive opportunities for us to leverage our global macro capabilities on our investors' behalf," Levinson said last year.